Commit To Purchase Ascena Retail Group At $1, Earn 20% Using Options

Investors eyeing a purchase of Ascena Retail Group Inc (ASNA) shares, but tentative about paying the going market price of $2.35/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $1 strike, which has a bid at the time of this writing of 20 cents..